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Databricks Targets $165 Billion Valuation in New Funding Round

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Databricks is preparing a new funding round targeting a $165 billion to $175 billion valuation, according to project funding news. The round could begin as early as next month. In early 2024, the company raised $5 billion at a $134 billion valuation. Databricks now generates over $5.4 billion in annualized revenue, a 65% year-over-year increase. CEO Ali Ghodsi reportedly told investors the company remains on track for an IPO, possibly by 2025. The data and AI firm continues to draw strong interest from major investors. New token listings in the AI and data sector are also gaining momentum alongside this development.

Huo Xing Cai Jing reports that data analytics and AI software company Databricks is currently in discussions with investors for a new funding round, with a target valuation range of approximately $165 billion to $175 billion. This round could launch as early as next month. Earlier this year, Databricks completed a $5 billion funding round at a valuation of about $134 billion. The company stated that its annualized revenue has exceeded $5.4 billion, representing a 65% year-over-year increase. According to sources cited in the report, CEO Ali Ghodsi told investors that the company still plans to pursue an IPO, potentially as early as next year.

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